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president four years, you said you would cut the deficit in half. we still have trillion dollar deficits. >> five weeks before the election, he says his big idea is, never mind. >> if there is any good news for the president, it is that the unemployment rate dropped to 7.8%, from 8.1%, the lowest since he took office. we were on the ground in denver. jonathan, you said that romney took the if there is any good np republican diverging on panic. them? >> they are backing away from the edge. there is no question this was a make or break moment for governor romney. if he had not shown up like he did in denver, you would have seen a really ugly scene here. this puts them back in the game. it restores confidence among other people running for the house and senate this year who are now happy to be seated with him. it gives them a real boost when they desperately need it. he still hasit gives them a reat of swing states. this puts him back in the game, it turns around and narrative. i am curious to see the next wave. if he is closing the gap in these swing states, there will be pressure on presi
japan and the united states are facing huge deficits and the countries need to implement fiscal reforms to maintain investor confidence. it also acknowledges a decision by eurozone countries to launch a permanent fund designed to bail out struggling members. they say worries about the health of the region's financial system have increased since the spring with the need to use capital to help troubled banks in spain. >>> greece is one of the struggling eurozone members counting on bailout funds to keep it functioning. international lenders are demanding the country's politicians implement deep spending cuts in return for that aid. angela merkel traveled to athens to urge greek leaders to push ahead with austerity measures. merkel met with greek prime minister samas and this is her first visit since the debt crisis began three years ago. she hopes the country will stay with the eurozone. she has been demanding tough deficit cutting measures. greece's politicians are wrangling over the details of an austerity package that's a precondition for more than 30 billion euros in loans. the money
deficit targets. we will not change our policies or our targets. >> spain rejects imf's suggestions that it needs more time to stabilize its economy. some analysts say the delay in asking for aid is worrying markets. member the pressure to ask for a bailout is making the country suffered. nobody wants that. not germany, nor spain. that alone could put us closer to a bailout. >> the spanish government says it will consider applying for aid once it has explored all options and conditions. >> despite the bad economic news in europe, germany's traders were in an optimistic mood. we have this report from the frankfurt stock exchange. >> germany is getting prepared for economic weakness. in other places of the world, signs of recovery are coming up. better than expected economic data from the united states pushed stock prices of words here in frankfurt. also bit unexpected were quarterly earnings reports, the ones from walmart for example. shares of siemens made an exception, though. they were among the losers on this thursday. siemens says its ceo announced job cuts and cost cuts. profit
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